A Brief Introduction to Bank of China

Bank of China (BOC) is state specialized foreign exchange bank of the People’s Republic of China, its predecessor was Bank of Great. Qing—a government bank of the Qing Dynasty which was overthrown in October 1911 by the bourgeois democratic revolution. In January of the ensuing year, Bank of Great Qing was reconstructed to become the Bank of China under the sanction of Dr. Sun Yat-sen,interim president of the Republic of China. It had performed the functions of a state bank until 1928 when turned into an international exchange and remittance bank of old China.